CEG Options History — November 2025

In November 2025, CEG traded between $335.97 and $379.06. ATM implied volatility averaged 52.1%, placing in the 25.0% IV rank vs the trailing year. The 30-day expected move averaged 15.4%. IV traded above realized volatility by 1.6% (HV 20d: 50.6%). Max pain ranged from $340.00 to $390.00. Net GEX was positive for 11 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 1.36.

Notable Days

  • 2025-11-07: Highest Volume — 21,479 contracts
  • 2025-11-07: Largest IV drop — 8.8% change
  • 2025-11-03: Highest IV Rank — 36.6%
  • 2025-11-04: Largest Expected Move — 18.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$353.17$335.97$379.06$379.06$362.04
Max Pain$376.84$340.00$390.00$340.00$370.00
ATM IV52.1%46.4%58.5%58.5%46.4%
Expected Move15.4%13.7%18.9%18.1%13.7%
HV 20d50.6%44.7%55.0%52.6%44.7%
HV 60d44.3%41.5%46.5%41.5%46.5%
IV Rank25.0%13.9%36.6%36.6%13.9%
IV Percentile59.0%36.1%82.5%82.5%36.1%
Term Structure-0.3%-1.6%2.7%-1.2%0.0%
VWIV54.1%49.3%66.2%66.0%49.6%
Skew 25d3.2%0.0%6.0%0.6%5.0%
Skew 10d9.2%1.4%32.4%3.4%10.8%
Call IV 25d51.0%44.0%59.6%59.1%44.0%
Put IV 25d54.2%49.0%60.1%59.6%49.0%
Bid-Ask Spread %50.7137.4559.1849.8051.25
Gamma HHI0.050.040.070.040.05
Net GEX-249.9K-13.6M10.5M10.5M10.5M
Net DEX-522.2M-1.10B-132.8M-1.10B-727.4M
Net VEX-7.2M-7.6M-6.9M-7.6M-6.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.360.382.771.621.37
Total Volume10,604.5264,39721,47910,9314,590
Total OI190,053.895165,826206,997184,333175,213

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-11-03$379.06$340.0058.5%18.1%52.6%36.6%66.0%0.6%-1.2%10.5M-1.10B-7.6M1.6249.80N/AN/A4,1746,75779,078105,255
2025-11-04$362.53$340.0058.1%18.9%55.0%35.9%66.2%0.1%0.2%3.8M-762.6M-7.6M1.9852.93N/AN/A2,4714,89881,289106,415
2025-11-05$365.88$340.0057.4%18.5%53.8%34.6%64.2%3.5%-1.0%4.5M-824.6M-7.6M0.5954.76N/AN/A6,9514,10881,637107,797
2025-11-06$349.61$390.0056.1%15.8%53.8%32.5%56.3%0.0%0.2%-4.9M-433.1M-7.5M1.6237.45N/AN/A7,26211,79483,728109,726
2025-11-07$356.60$390.0051.1%14.5%53.2%24.0%50.3%3.2%-0.7%-10.0M-549.6M-7.3M1.4257.59N/AN/A8,87412,60585,309114,075
2025-11-10$360.85$390.0050.4%14.9%51.7%22.7%51.7%3.8%1.2%7.8M-751.9M-7.3M0.8043.67N/AN/A6,4545,18682,511106,117
2025-11-11$352.88$390.0049.1%14.4%51.9%20.3%49.8%4.0%0.0%2.9M-577.1M-7.2M2.0847.48N/AN/A2,7175,65285,313107,365
2025-11-12$353.87$390.0049.3%14.2%49.5%20.6%50.2%3.4%0.7%1.8M-563.3M-7.2M1.3851.05N/AN/A1,8472,55086,612109,940
2025-11-13$336.32$390.0050.3%15.0%51.8%22.3%51.8%0.8%2.7%-12.6M-132.8M-7.0M1.5854.22N/AN/A4,4957,08687,148110,877
2025-11-14$341.23$390.0051.0%14.8%52.1%23.5%51.6%2.5%-0.0%-10.1M-221.9M-7.1M1.1255.07N/AN/A6,4217,19688,281113,078
2025-11-17$335.97$390.0052.5%15.0%50.1%26.1%52.5%3.5%-1.4%-6.7M-157.5M-6.9M0.8153.53N/AN/A4,0413,25883,938108,955
2025-11-18$340.73$380.0053.0%15.3%49.0%27.0%52.7%5.0%-1.4%-4.0M-270.4M-7.0M2.7754.55N/AN/A2,2326,18485,424110,742
2025-11-19$358.78$390.0053.3%15.3%52.2%26.2%54.2%4.1%-1.2%7.7M-681.1M-7.1M0.9249.78N/AN/A4,9234,55085,597112,401
2025-11-20$347.69$380.0054.9%15.8%51.2%28.8%56.0%3.3%-1.3%-1.5M-442.6M-7.0M1.0959.18N/AN/A6,7847,41287,660114,240
2025-11-21$340.09$380.0051.9%15.0%45.0%23.7%52.4%5.0%-0.6%-13.6M-184.0M-7.1M2.3258.52N/AN/A4,93511,44189,302117,695
2025-11-24$354.98$380.0049.7%15.0%48.3%19.7%51.0%3.7%0.6%252.3K-483.1M-7.0M0.3844.95N/AN/A6,8952,65069,73596,091
2025-11-25$351.31$370.0050.1%14.8%48.3%20.4%53.0%6.0%-1.1%773.9K-428.8M-7.1M0.8543.82N/AN/A3,5853,05372,96797,171
2025-11-26$359.77$370.0047.2%14.1%46.6%15.4%49.3%3.9%-1.6%8.2M-632.4M-7.1M1.1743.83N/AN/A2,5172,93874,18798,155
2025-11-28$362.04$370.0046.4%13.7%44.7%13.9%49.6%5.0%0.0%10.5M-727.4M-6.9M1.3751.25N/AN/A1,9372,65375,000100,213